Asia-Pacific to lead global medical device growth in 2026

Globally, the market is expected to rise to 7.3% in 2026.

The Asia-Pacific region is expected to be the fastest-growing medical device market in 2026, with an anticipated 9.3% expansion from 2025, according to a BMI report.

The region’s growth is supported by rising health expenditure, an ageing population, and ongoing modernisation of health infrastructure.

Globally, the medical device market is expected to expand at a mid-single digit rate in 2025, with growth projected to accelerate to 7.3% in 2026 from 6.7%. This is underpinned by global GDP growth of 2.6%.

Key markets, such as the US, Germany, Mexico, Saudi Arabia, and Egypt, are expected to contribute to sales growth, driven by accommodative fiscal and monetary policies.

“A slight de-escalation in Mainland China-US trade tensions, along with US trade agreements with the EU, Switzerland, UK, Japan and South Korea, will help mitigate tariff-related risks and shield the global medical device market from heightened supply chain disruptions in 2026,” the report said.

Meanwhile, cost containment measures in developed markets like Japan, Germany, France, Italy, and Canada may constrain growth.

However, demand for minimally invasive procedures, artificial intelligence-driven diagnostics, and digital health solutions is expected to provide some offset.